Showing posts with label bailout. Show all posts
Showing posts with label bailout. Show all posts
9.19.2008
Wait....what?!!?
Just these last few days the Bush administration has orchestrated a plan to bail out big investment firms (http://finance.yahoo.com/tech-ticker/article/63460/Biggest-Bailout-Ever-Did-the-Government-Go-Too-Far?tickers=mer,bac,fre,fnm,leh,aig) and other high up corporations such as AIG (American International Group) and many others. This is all being done to the tune of at least 85 billion dollars. Whats this mean for us the taxpayers? That's right, higher taxes and to be honest whether these taxes hit me or not I think its wrong. What my government is telling me is that I can slack on my mortgage and not tend to my bills and the government is going to cut me a check and bail me out as well. I think this is insane to say the least!
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